Index Ventures Raises $2B Across Three Funds Fresh Off Its $3.8B Wiz Payout

Index Ventures closed $2 billion in new capital on July 31, 2026, split across a $900 million venture fund, a $400 million seed fund, and a $700 million top-up to its growth fund — which now stands at $2.2 billion, bringing the firm's total investing capacity to $3.5 billion.

The raise comes shortly after Index realized a $3.8 billion payout from its roughly 12% stake in cybersecurity company Wiz, which Google acquired for $32 billion after clearing EU antitrust review in March 2026 — one of the largest exits in the firm's history alongside fintech Revolut.

Index's existing AI bets include robotics company Physical Intelligence, inference platform Fireworks AI, and Anthropic, which the firm backed at a $183 billion valuation in a raise last September — giving some indication of where the new seed and growth capital is likely to concentrate.

The fundraise lands at a moment when some of Index's own leadership has publicly questioned whether AI valuations are getting ahead of themselves, a tension increasingly common among VCs who are simultaneously writing large AI checks and warning about froth in the market they're funding.

For founders, a fund this size split across seed, venture, and growth stages signals Index intends to write both first checks and follow-on checks from the same relationship — useful context when picking an early investor whose growth-stage capital you may want later.

The bigger signal is the exit that funded it: a $3.8B return on a single cybersecurity bet is the kind of result that keeps institutional LPs comfortable committing fresh capital to venture at a moment when many other asset classes look safer on paper.